Net Global announces 2.233 billion TL initial public offering

Net Global is launching an initial public offering (IPO) with a projected size of 2.233 billion TL. The offering, which will be conducted via the “Fixed Price with Demand Collection” method led by Tacirler Yatırım, is scheduled to take place between September 9 and 11. The share price has been set at 25.52 TL per share.

The IPO involves the sale of 87.5 million TL in nominal value shares, consisting of 62.5 million TL through capital increase and 25 million TL through the sale of existing shares. Following the offering, the company’s capital will increase from 250 million TL to 312.5 million TL, with a public float ratio of 28%.

Net Global plans to utilize the proceeds to fund strategic growth and strengthen its financial structure. Specific allocations include investments in corrugated pipe production lines and capacity increases (15-25%), a wagon factory investment at the Sivas Demirağ Organized Industrial Zone (20-30%), working capital (25-35%), and the repayment of short-term bank loans (20-30%). The company, which operates in infrastructure, renewable energy, and modern agriculture, aims to produce EU-standard freight wagons under the “NETRAIL” brand in Sivas.